Westpac Altitude Business Gold Credit Card – Rates and Fees

Earn 60,000 bonus Altitude Points, save with a $0 first year annual fee and enjoy complimentary insurance covers with a Westpac Altitude Business Gold credit card.

You are given plenty of flexibility for your business needs when you sign up for the Westpac Altitude Business Gold credit card. This Visa card features complimentary insurance covers, up to 55 interest-free days on purchases and $0 additional cardholder fee.

When you apply and get approved by 28 February 2019, you can save with an annual fee waiver and a balance transfer offer in the first year. Plus, you’ll earn 60,000 bonus Altitude Points when you spend at least $3,000 on eligible purchases within the first 90 days from card approval.

Product NameWestpac Altitude Business Gold Credit Card
Rewards ProgramWestpac Altitude Rewards
Balance transfer rate (p.a.)4.99% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.24% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.24% p.a.
Offer end date28 February 2019
Annual fee$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)20.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$30,000
Minimum Age18 years of age
Available To Temporary ResidentsYes
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Minimum Monthly Repayment3% of the closing balance or $10 (whichever is greater)
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Cash Advance Fee2% of the value of the transaction or a minimum charge of $2.50
Overseas Cash Advance Fee2%
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1


  • Receive 60,000 bonus Altitude Points when you apply by 28 February 2019 and spend at least $3,000 on eligible purchases within the first 90 days from card approval.
  • Save with a $0 annual fee for the first year.
  • This card comes with a balance transfer offer of 4.99% p.a. for 12 months.
  • This card provides a credit limit of up to $50,000.


  • The variable purchase rate of 20.24% p.a. is relatively high.
Rewards ProgramWestpac Altitude Rewards
Bonus Points60,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap20,000

Benefits of using a Westpac Altitude Business Gold credit card

Both you and your business benefit can benefit from the following perks:

  • 60,000 bonus Altitude Points. Receive 60,000 bonus Altitude Points when you apply for a new Westpac Altitude Business Gold credit card, get approved by 28 February 2019 and spend at least $3,000 on eligible purchases within the first 90 days from card approval.
  • First year annual fee waiver. Save with a $0 first year annual fee, saving you $150. Offer ends on 28 February 2019.
  • Balance transfer offer. If you're looking to consolidate your debt, you can take advantage of 4.99% p.a. interest for the first 12 months. At the end of the introductory period, the interest rate reverts to the variable purchase rate. Please note that you must apply for the balance transfer at the time of application.
  • Rewards program. Earn 1 point per $1 spent on eligible purchases in Australia, and 0.5 points on government payments. Points are capped at 20,000 per each statement period.
  • Rewards redemption. Once you have collected 3,000 points, you are eligible to redeem them. They can be used to cover travel expenses, merchandise or converted to cash and deposited into your superannuation account. If you like discounts on flights you have your choice of six different Frequent Flyer programs including; Qantas, Virgin Australia’s Velocity, Malaysia Airline’s Enrich, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Cathay Pacific AirMiles.
  • Complimentary insurance. When you purchase tickets for travel overseas, you are covered with overseas travel insurance and transit accident insurance. Purchases made with your cards are also protected with an extended warranty and against theft, loss or breakage. Plus the Guaranteed Pricing Scheme will pay you the difference if you buy an item that you find cheaper somewhere else at a later date. Conditions to all of the insurance covers do apply, and can be found through the Westpac website.
  • Business insurance. Complimentary insurance covers for your business are also provided by Westpac Altitude Business Gold credit card. Unauthorised transaction insurance protects you against any unauthorised transactions made by cardholders in a 12-month period. The protection provides up to $20,000 per cardholder and $150,000 per account holder. If your business is invaded during normal working hours Business Inconvenience Insurance will cover up to $10,000 and up to $10,500 to cover the expense of recruitment if a cardholder is unable to return to work.
  • Mobile technology. Samsung Pay and Google Pay let you use your device to tap and pay with your eligible ANZ credit card.

Features of the Westpac Altitude Business Gold credit card

As you examine various business credit cards, you are going to note that the features will vary among the various banks:

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $150 p.a.
  • Purchase rate. You will be charged a variable purchase rate of 20.24% p.a.
  • Interest rate for cash advances. Pay 20.74% p.a. interest on the balance of any cash advances.
  • Interest-free days. You will get up to 55 interest-free days on purchases so long as you pay the closing balance in full by the due date shown on your statement.
  • Credit limit. Depending on your financial background, you can be granted a credit limit of anywhere between $1,000 and $50,000.
  • Foreign transaction fee. Purchases made where the currency needs to be converted to the Australian dollar (AUD) will incur an additional 3% charge of the AUD amount.

How to apply for the Westpac Altitude Business Gold credit card

If you like the idea of earning rewards and taking care of your business needs, simply fill out your details on application form found on the secure application page.

Eligibility criteria

There are some eligibility requirements you should check before proceeding:

  • Although this is a personal liability account, it is only available for business use.
  • You will need to be at least 18 years of age.
  • The Altitude Business Gold credit card are only available for permanent Australian residents.
  • You should be able to show that you earn at least $30,000 a year.

Required documents

As you fill out the application, having the following documentation readily available will help to make it go more quickly:

  • Either the Australian Business Number (ABN) or Australian Company Number (ACN) will have to be provided.
  • Your monthly after tax personal income
  • A valid Australian driver’s licence number
  • The name and contact information for your accountant
  • The business income and expenses as shown on your last tax return
  • The details of your current debts and other liabilities

Simplify your business finances with a pair of credit cards that not only give you flexibility with your spending, they reward you for your purchases. Act fast and you can also save on interest costs and the annual fee.

Frequently asked questions

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32 Responses

  1. Default Gravatar
    July 5, 2015

    I have an altitude black card with Westpac. Will I be able to have an altitude business card,if I am exclusively an employee of a large business group,but own no business firm of my own. I don’t even have an ABN.

    • finder Customer Care
      SallyJuly 6, 2015Staff

      Hi Mathew,

      Thank you for your comment.

      You need to quote your ABN or ACN of your company during your application, so you can only use the card if you have one of these.

      As a business card, the Gold card comes with a higher annual fee and rates than a personal credit card. Business credit cards can also only be used for business-related purchases and transactions.

      You would need to discuss the possibility of using a Westpac Altitude Business Gold credit card with your managers and employers before applying for the card.

      I hope this has helped.



  2. Default Gravatar
    ThomasJuly 3, 2015

    Hi, Can I get more than 1 additional card holder for the Business Altitude Gold/Platinum?

    • finder Customer Care
      SallyJuly 3, 2015Staff

      Hi Thomas,

      Thank you for your comment.

      No, you can only get one additional cardholder with either of those cards.

      I hope this has helped.



  3. Default Gravatar
    andrewApril 29, 2015

    Can i swap from Platinum Altitude card to the Business Gold Altitude card for both me and my wife? I have an abn and registered business

    • finder Customer Care
      JonathanApril 30, 2015Staff

      Hi Andrew, thanks for your inquiry!

      Changing Westpac credit cards can be done via online banking, calling the customer service team or visiting a Westpac branch. Please refer to the link I have sent to your email for the details on changing your card via these methods.



  4. Default Gravatar
    TroyAugust 15, 2014

    Can I get this card? as I have an ABN, but my main source of income is not from my business, but from my employer.

    • finder Customer Care
      ShirleyAugust 18, 2014Staff

      Hi Troy,

      Thanks for your question.

      Yes you can still apply for this card. Please note that other eligibility requirements apply.

      All the best,

  5. Default Gravatar
    MiriMarch 23, 2014

    I took out a Westpac Gold card many many years ago. Somewhere in the fine print at the time, it said that if a certain amount was spent per month,( and I mean around $17000) the annual fee of $150 would be deducted. I remember reading this, but can no longer find the paperwork. If you can find this detail, I will be totally grateful.

    • finder Customer Care
      JacobMarch 24, 2014Staff

      Hi, Miri.

      Unfortunately, I’m unable to get access to this information. I’ll have a look across the internet and I’ll be in touch if anything comes up.

      Thanks for your question.

  6. Default Gravatar
    PamelaOctober 23, 2013

    Does one Altitude Point = one Qantas Frequent Flyer point?

    • finder Customer Care
      JacobOctober 23, 2013Staff

      Hi Pamela.

      Thanks for your question.

      Westpac do not currently allow you to transfer your Altitude Points to the Qantas Frequent Flyer Program. You can find out which frequent flyer programs you can transfer your Altitude points to on this page.

      I hope this helps.

  7. Default Gravatar
    brettMay 19, 2013

    Hi. I want to run my business all by credit card and receive rewards points when I spend. We currently turn over approx 400,000 per year. So, I just want some advice on the best reward cards but probably not American Express as a lot of suppliers do not except AMEX or have charges for them. Thanks.

    • finder Customer Care
      JacobMay 20, 2013Staff

      Hi Brett. Thanks for your question. The card that is right for you will depend on a number of factors, but when talking about rewards – if you’re spending approx. $400K a year through your business, you may want to consider a business card with uncapped points earning. Please check the business credit card comparison page for information about business credit cards. Out of the cards we compare, the ANZ Business One Visa Rewards Visa and the NAB Qantas Business Card have no points capping (and are not American Express). Putting aside the rates of interest and other features offered with these cards, the main difference is the NAB card is a direct earn product for the Qantas Points for their Frequent Flyer Program while the ANZ card earns ANZ Rewards. You can check the conversion rates between the ANZ Rewards Program and other frequent flyer programs here.
      Let us know if you need more information. Jacob.

  8. Default Gravatar
    FionaMay 15, 2013

    I have purchased on my Business Altitude Gold mastercard, a return air ticket to USA for myself using altitude points (290,000pts) + pay (amount $1300). Also purchased and fully paid for return air tickets for my spouse (secondary cardholder) and daughter on the same card – are we all covered by the Complimentary Travel Insurance?
    Do I have to pay for other trip related costs such as accommodation to meet the requirements of the complimentary travel insurance? Lastly, are we covered for car rental insurance while overseas and is this only valid if the primary cardholder is driving? And do we have to pay for this on the same card to qualify?
    Thank you

    • finder Customer Care
      JacobMay 15, 2013Staff

      Hi Fiona. Thanks for your question. You and your family are covered if you each put at least $500 of your prepaid travel expenses on your card account – this includes the use of points too – you all have to be travelling together for the entire journey for the cover to apply.

      Regarding the rental vehicle excess cover. The following is taken from the policy document, which I have sent to your email, ‘We will reimburse you for any insurance excess or deductible
      which you become legally liable to pay in respect of a claim under the comprehensive insurance policy of the rental vehicle during the rental period provided:
      ? the rental vehicle must be rented from a licensed rental agency; and
      ? the cardholder was operating the rental vehicle within the local laws of the country/city; and
      ? the hiring agreement must incorporate the standard comprehensive motor insurance normally provided by the rental agency covering loss or damage to the rental vehicle; and
      ? you must comply with all the requirements of the rental organisation under the hiring agreement and of the rental vehicle insurer.’

      Hope this helps. Jacob.

  9. Default Gravatar
    GeorgieMay 10, 2013

    Hi ,
    With the introduction of points capping in a month or so, which would be a good card for maximum or no capping of business cards and reasonable annual fees.

    • finder Customer Care
      JacobMay 11, 2013Staff

      Hey Georgie. This page has a comparison of cards with no points capping. Jacob.

  10. Default Gravatar
    maryApril 29, 2013

    Hi, The description mentioned that your ‘altitude points’ can be redeemed for frequent flyer points in five other frequent flyer programs.
    what is the ratio of points to velocity frequent flyer.

    ie: is 1 altitude point equivalent to 1 velocity point?


    • finder Customer Care
      JacobApril 29, 2013Staff

      Hi Mary. Good question. This page has the answer you need – A Guide to Transferring Frequent Flyer Points – it outlines the various rewards programs and the transfer rates to different frequent flyer programs. Jacob.

Credit Cards Comparison

Rates last updated January 18th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Reward Points. Plus, a discounted first year annual fee when you apply online.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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